More oily business
 

We are truly in the glory age of spins..... an outright corrupt act is labeled a mistake. On and on it goes....




September 14, 2006
Royalty mistake gives Big Oil windfall
THE ASSOCIATED PRESS
WASHINGTON - An official overseeing oil leasing says he was directed in the 1990s to remove a provision concerning royalty payments, leading to a financial windfall to oil companies, the Interior Department's inspector general said yesterday. He also unleashed a broad rebuke of his department's record on ethics.
Inspector General Earl Devaney testified at a House hearing that the leasing official's claim could not be verified despite a lengthy investigation and a polygraph test, which the official passed. He said three people were implicated by the official but all denied making such a directive, and one also passed a polygraph.
Devaney, who has been the department's internal watchdog for seven years, said he could not say whether anyone will be disciplined over the oil royalty mistake. It involved thousands of leases issued in 1998-99 without a section that would have required royalty payments if oil prices reached a certain level.
He contended that midlevel department officials covered up the mistake for five years. Devaney also lashed out at what he said was the department's failure to deal with ethical missteps and conflicts of interest.
''Short of a crime, anything goes at the highest level of the Department of Interior,'' he said. ''Ethics failures on the part of senior department officials - taking the form of appearances of impropriety, favoritism and bias - have been routinely dismissed with a promise of not to do it again.'' He said his office's recommendations usually were ignored. In testimony before the House Government Reform's energy subcommittee, Devaney described a meeting with former Interior Secretary Gale Norton about questionable ethical conduct by a senior official.

You would think with how much conservatives don't like being taxed, they would be outraged at the government :rollem:

-spence

I'm sure they are. Where was the administrational oversight when this occured.

It was a corrupt act covered up by those who administered I believe.

Yep, Just thought it was interesting that Spence could only find fault with conservatives when this actually spanned both Democratic and Republican adminstrations. No surprise there though.

:jester: I was waiting for that word: Democrat :jester:

Its human nature well beyond party affiliation ....always has been always will be.

Whats in a name? Demopublicans.... Republicrats.... its us .....

Who says I didn't fault the Dems?

I was talking about outrage today. You would think the conservatives in Congress would be up in arms demanding back payments to help lift some of the weight of the Government (i.e. tax burden) from the people.

-spence

Absolutely. Were you also waiting for the word Rebublican or conservative?

Plausible deniability its called. :bgi:



I did not have sex with that woman......hahahahahahahahahahahahahahahahahahahah ahahahahahahahahahahahhhahahahahaha:bgi:

Can`t have one without the others :love: .

Maybe they are smart enough to know that they can't get back payments from anyone?

Don't know unless they investigate.

-spence

i'm sorry
 

but i dont recall :huh: reganomics
llllllllllllllllllllllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllll
i did not have sex with that woman.:rotf3:
just a lewinski.... and that's all...
thats not sex. billium, it's like helium:point::rotf3:

oily

reminds me of

lubrication

which is always a

good thing

No investigation needed all they have to do is read the contract, if it doesn't require royalty payments, they can't get any. Not rocket science!

Well, if there's fraud involved who knows. Do you think these people just covered it up for no reason? You've gotta believe kickbacks are in order...

Sure these are assumptions, but one would think the problem should be well understood and not just glossed over as a silly opps.

-spence

Fishweewee
 

:cheers:

Sure lets spend a couple of million bucks investigating why the employees covered up their mistake. That'ss get us lots of $ in return.

If there's corruption it may be worth it!

-spence

It was`nt a mistake and its probably billions we`re talking about :lasso:

Why not...we spent way more than that just to find out that our ex-pres used his intern as a Humidor.

speaking of billions
 

of dollars we spend on importing oil..........

i found this paragraph to be highly informative
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“One hundred and seventy-five billion U.S. dollars go toward purchasing foreign oil each year. That’s $500 million per day,” said Peter Bell, who founded Distribution Drive, a major Texas supplier of biodiesel. “That’s the equivalent of two jets full of money going overseas each day. This has to stop some day, and if we don’t do it now, in 10 years we’ll be bust.”
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either that, or we will continue to provide revenue to people that more than likely want us all dead. the time for an agricultural revolution in America for the production of biodeisel has arrived.